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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

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What Are the Differences Between Procurement and Purchasing in Manufacturing?

OptiProERP

Acquiring goods from vendors and suppliers is one of the critical and routine tasks for manufacturers. Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. Steps in the Procurement Process 1.

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How to Avoid the Pitfalls of Contract Management in Telecom & High-Tech

Continual technological changes necessitate adjustments to manufacturing and supply chain processes, leading to a heavy volume of contracts that outpaces most industries. The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. What can CPOs do to ease the contract management burden?

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Another Asian Trip and Added Apple Sourcing Options

Supply Chain Matters

From a supply chain sourcing perspective, a consistent theme in media reporting has been exploration or hints for added Apple supply chain sourcing. Production currently sourced include products such as iPad , AirPod and the Apple Watch. Apple has been a master at exercising many such strategies.

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6 Manufacturing Trends You Need to Know

Arena Solutions

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.